When you know the revenue #s are going to be a real problem, your only hope is to create some sort of diversion and try to distract investors. Spending capital to buy back shares is a stupid idea. That capital should be put to work to earn revenue. Without revenue the share price will tumble. Keep in prospective all the ill-conceived asset purchases that have not worked out and have cost the shareholder dearly. I will never forget when the proposed merger was announced by DP, very little time was spent discussing their quarterly results. The results for that quarter were a disaster and the only positive news was a possible merger. Again thanks Magnum you provided great insight to the problems Golden Leaf was not aware of.
A Reverse Split will also be done by mngt. These are top professionals not penny stock hacks. They know in order to restructure the company and get people interested in investing in it they will need to do a reverse split and then sign more notes that will dilute this stock.
Where the hell else are they going to get the money to do what they want to do? They are millions in the red and don't have a penny to reinvest.
Even the new CEO was paid in stock because they can't afford him. That's why he got 26M shares. Usually, they get 3 or 5M for a signing bonus.
They all know GLDFF is heading for a reverse split so it can be diluted again with newly issued notes.
Trade on facts, people not "hope." HOPE is NOT a strategy...
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